Month: January 2023

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From the Memo Board: February 2023

Important Dates to Know

February 1 – 1099 Forms and other tax documentation for the 2022 tax year will be available on Secure Cloud.

February 1 – January Financial Reports will be due for Non-Resident Missionaries. This includes FNPO Reports for those with Foreign Non-Profit Organizations.

March 1 – January Financial Reports will be due for US Missionaries. This includes FNPO Reports for those with Foreign Non-Profit Organizations.

March 1 – February Financial Reports will be due for Non-Resident Missionaries. This includes FNPO Reports for those with Foreign Non-Profit Organizations.

April 11-14 – Family Fellowship Week in Asheboro, NC

New Excel Templates for Financial Reports

A new Excel template for the year 2023 will be available on February 15. This will give us time to review the need for any possible updates. January financial reports for US Missionaries will be due on March 1. Should you wish to complete your January report before the new template is available, you are welcome to submit it on the 2022 template. However, starting with the February report please be sure to use the new template.

Financial Status Report

We have uploaded a Financial Status Report to your SecureCloud account showing figures for the fourth quarter of 2022. This is meant to show you the financial details that we have on file, such as your support estimate and the average amount of support you received this past quarter. This is the information we provide to pastors who may call about your ministry. We ask that all missionaries update their support estimate once every four years, or as their lives and ministries change. Please review this information and contact us if you have any questions.

Benefits of Financial Reports for US Citizens

The Monthly Financial Report (MFR) is the tool that US Citizen Missionaries can use to become accountable to WWNTBM for their reimbursable expenses, rather than having all funds listed as personal earnings. Over the course of 2022, 77% of those eligible chose to submit MFRs. By doing so, they were able to reduce their 1099 Personal Earnings by a combined average of 21.77%. If you are not currently utilizing MFRs and would like information about how to begin, please contact our office.

IRS Information For the 2023 Tax Season

The IRS has issued several notices about this year’s tax season. Several changes in particular this year affect the Child Tax Credit (CTC), Earned Income Tax Credit (EITC), and the Child and Dependent Care Credit. It is possible many tax preparers will receive a significantly smaller refund this year, as these credits return to pre-Covid levels. Please click here to view the information from the IRS.

We encourage all missionaries who are subject to US Taxes to contact your tax preparer and begin the filing process as soon as possible.

Preparing and Filing Taxes for US Missionaries

Please note that, while our Office Staff is familiar with many of the IRS regulations that affect missionaries, we are not authorities on the subject. We will attempt to assist our missionaries in any way possible; however, questions which are beyond the scope of your missions status are best directed to a tax professional.

We will provide you with the following information at the end of January. Please watch for emails in coming days with details on how and when this will be distributed. You may wish to submit this to your tax preparer:

• A copy of your 1099
• A year-to-date Summary of the MFR information that you have submitted to the Office. This can be especially helpful if you have completed Categories 17-22, as many of those categories can affect your personal taxes. This will show your Personal Earnings Calculations for the year, as well as Housing Allowance information and details of Estimate Taxes we may have submitted for you during the year. There may also be notices on this document specifically for you and your tax preparer about any situations we are aware that may impact your tax filing.

You should also provide your tax preparer with the following:

• List of the dates that you were in the US vs. out of the country during the year.
• Details of any Housing Expenses, to be used in addition to the Approved Housing Allowance for completing Worksheet 1 of IRS Publication 517.
• Information on any retirement plans that you may have contributed to during the year, or that you have received a distribution from during the year.
• Names and Social Security Numbers of all family members.
• Names and dates of any family births or deaths (children and spouses), as well as whether you were married during the year.
• US Treasury Department regulations require that if you have any foreign bank accounts, and if the sum total of all of your foreign accounts has ever been $10,000 or more at any time during the year, you should fill out a TD-F90-22.1 Form. Further information is available on the IRS website at www.irs.gov.
• You may also need to complete Form 8938, which deals with foreign assets.
• If you participated in the Healthcare Marketplace, you will need to provide your tax preparer with Form 1095-A.

We are excited to announce that we have a new logo available for use for your prayer cards and presentations. The digital files in several variations are available on SecureCloud under Files Shared With You in the folder named WW Logo for Prayer Cards and Presentations.


Ongoing Covid Testing and Vaccine Requirements for Travel

Please be aware that every country continues to update Covid protocols for international travel. While restrictions have eased in some locations, others continue to require testing and/or vaccines. Please be sure to remain well informed on current restrictions when planning international travel. The Center for Disease Control website includes the most current information on travel to and from the US. Other countries will typically list information on their Embassy websites.

New Baby

Jillian Rose Town was born January 26. She weighed 8 pounds 13 ounces and was 21 1/2 inches long. Jillian is the daughter of Josh and Joanna Town. She joins older siblings Julianna (11), Jayla (9), Jennifer (6), Joshua (5), Jeremiah (3), and Joy (1). The Towns minister to the Muslim population in the city of Philadelphia.

Uplift Podcast

The Imminent Return of Jesus Christ – Part 3 by Allen Mercer

Life’s Greatest Hope, Part 1 by Allen Mercer

Life’s Greatest Hope, Part 2 by Allen Mercer

What Can I Do For God? by Chad Estep

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Twenty-five cents, plus all the promises of God!

by John O’Malley

“Twenty-five cents, plus all the promises of God!” – Hudson Taylor

Recently I read Hudson Taylor’s Spiritual Secret. Brother Taylor wrote many letters. His words encouraged me, and I believe they will encourage you.

In a letter to a friend:

“Never has our work entailed such real trial or so much exercise of faith. The sickness of our beloved friend, Miss Blatchley, and her strong desire to see me; the needs of our dear children; the state of funds; the changes required in the work to admit of some going home, others coming out, and of further expansion, and many other things not easily expressed in writing, would be crushing burdens if we were to bear them. But the Lord bears us and them too, and makes our hearts so very glad in Himself—not Himself plus a bank balance—that I have never known greater freedom from care and anxiety.

The other week, when I reached Shanghai, we were in great and immediate need. The mails were both in, but no remittance! And the folios showed no balance at home. I cast the burden on the Lord. Next morning on waking I felt inclined to trouble, but the Lord gave me a word—“I know their sorrows, and am come down to deliver”; “Certainly I will be with thee”—and before 6 a.m. I was as sure that help was at hand as when, near noon, I received a letter from Mr. Mueller which had been to Ningpo and was thus delayed in reaching me, and which contained more than three hundred pounds.

My need now is great and urgent, but God is greater and more near. And because He is and is what He is, all must be, all is, all will be well. Oh, my dear brother, the joy of knowing the living God, of seeing the living God, of resting on the living God in our very special and peculiar circumstances! I am but His agent. He will look after His own honour, provide for His own servants, and supply all our need according to His own riches, you helping by your prayers and work of faith and labour of love.”

In a letter to his wife:
“The balance in hand yesterday was eighty-seven cents. The Lord reigns; herein is our joy and rest!”

In a letter to Mr. Baller:
“Twenty-five cents, plus all the promises of God! Why, one felt as rich as Croesus, and sang:”
“I would not change my blest estate
For all the earth holds good or great;
And while my faith can keep its hold,
I envy not the sinner’s gold.”

Fellow missionary and friend, no matter your financial estate today, your “twenty-five cents, plus all the promises of God” are enough. “The Lord reigns. Herein is our joy and rest.”

Yours for the harvest,
John O’Malley